Reading, MA

Very High · 175

Massachusetts · Population 25,448 · Updated March 2026

$1,722
Median Rent / Month
$163,725
Median Income
$741,100
Median Home Value
$2,498
Owner Costs / Month

Affordability

How far your income goes in Reading

12.6%
Rent-to-Income Ratio
Affordable
Rent takes less than 25% of median income — considered affordable by HUD standards.

Tax Burden in Massachusetts

State-level tax rates that affect your costs

9.0%
Income Tax (Top Rate)
6.25%
Sales Tax
1.15%
Property Tax Rate

Estimated Annual Costs

$20,664
Annual Rent
$14,735
State Income Tax
$8,523
Property Tax (est.)

Cost of Living Overview

Reading has a significantly higher cost of living than most US cities, driven largely by premium housing costs. With a cost index of 175 (where 100 equals the national median), Reading residents can expect to pay median rent of $1,722/month while earning a median household income of $163,725/year.

The median home value in Reading, MA is $741,100, with typical monthly owner costs around $2,498 including mortgage, insurance, and taxes. The median rent-to-income ratio of 12.6% means housing is relatively affordable here — well below the 30% threshold that HUD considers cost-burdened.

Massachusetts's top income tax rate of 9.0% is among the highest in the nation, adding to the overall cost burden. Combined with a 6.25% sales tax rate and 1.15% effective property tax rate, the overall tax environment is a factor in the total cost of living in Reading.

Frequently Asked Questions

Common questions about living costs in Reading

What is the cost of living in Reading, MA?
The cost of living index in Reading, MA is 175 (US average = 100). Median monthly rent is $1,722, median household income is $163,725/year, and the median home value is $741,100.
Is Reading, MA affordable?
No, Reading is more expensive than the national average with a cost index of 175. The rent-to-income ratio is 12.6%—below the 30%% threshold considered affordable by HUD.
What is the average rent in Reading, MA?
The median gross rent in Reading, MA is $1,722 per month according to the US Census Bureau ACS 2023 data. Annual rent costs approximately $20,664.
What is the median household income in Reading?
The median household income in Reading, MA is $163,725 per year. This compares to the national median of approximately $80,000.
What are the taxes like in Massachusetts?
Massachusetts has a top income tax rate of 9.0%, a sales tax of 6.25%, and an effective property tax rate of 1.15%.